Course

Credit Type:
Course
ACE ID:
SOPH-0012
Version:
5
Organization's ID:
ECON1001
Organization:
SOPHIA Learning, LLC
Location:
Online
Length:
The course is self-paced, and many learners complete it in 4-8 weeks.
Minimum Passing Score:
70
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Principles of Macroeconomics
Description

Objective:

The course objective is to help students to explore and interpret the behavior of economies and countries at both national and international levels. Through this exploration, students learn how to evaluate decisions on monetary and fiscal policy. They also learn how to apply conceptual principles of macroeconomics in practical ways to everyday life.

Learning Outcomes:

  • Describe the study of macroeconomics and economic indicators.
  • Analyze money, financial systems, and monetary policy.
  • Interpret economic growth policies and international trade.
  • Examine the principles of market efficiency, aggregate demand and supply, and fiscal policy.

General Topics:

  • Circular Flow Diagram
  • Business Cycles - Expansionary / Recessionary (NBER)
  • Understanding Indicators
  • Measuring Gross Domestic Product (GDP)
  • Nominal GDP versus Real GDP
  • Law of Supply and Law of Demand
  • Aggregate Supply and Aggregate Demand
  • Business Cycles and Long-Run Adjustment to Equilibrium
  • Expenditure and Income Equations
  • Expansionary Policy
  • Contractionary Policy
  • Funding Fiscal Policy: Bond Markets
  • The Economic Role of the Government
  • Money Supply and Interest Rates
  • M0, M1, M2
  • Reserve Requirement and the Money Multiplier
  • Role of International Trade
  • Measuring International Trade
  • Determinants of Economic Growth
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Quizzes
Supplemental Materials
Equivalencies

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